YES Bank is a full service commercial bank that offers corporate banking, investment banking and personal banking services across India. It is an Indian private sector bank headquartered in Mumbai, India and was founded by Rana Kapoor and Ashok Kapoor in 2004. It offers a wide range of banking and financial products for corporate and retail customers through retail banking and asset management services.
Yes Bank is one of the most renowned banks in India. It offers a low rate of interest and quick disbursal with minimal Documentation. Idle Gold in your safe will not give you anything, but Yes Bank Gold Loan will provide you with a chance of fulfilling your dreams. Yes Bank provides Gold Loan at a low interest rate. The process of taking a Gold Loan is speedy and secure.
Gold Loan is a loan against Gold. Gold is treated as a security. After proper verification of Documents and Gold, the Loan amount is disbursed. It requires minimal Documentation.
The minimum amount of loan provided is Rs.25, 000 and one can avail loans of higher amounts for a maximum of Rs.50 lakhs.
Flexible repayment option according to customers choice
The loan sanction and disbursal process is fast and simple. The documents required are simple in nature and after submitting the necessary documents, the loan is issued instantly
Loans are also available for short-term needs of individuals where the tenure is for a short period of time
Available against 18 karats to 22 karats gold ornaments
Safety: Gold safe under utmost security
No guarantor / collateral are required.
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TYPE |
CHARGES |
|
Loan Processing Fees |
0.50% f the loan amount |
|
Interest rate |
11.25% to 16.25% per annum |
|
Valuation Fee |
NIL |
|
Gold Deposit Charges |
NIL |
|
Charges for late payment of loan amount |
Rate of Interest + 2% per annum for overdue days |
|
Stamp Duty & other Statutory Charges |
At Actuals |
|
Credit Assessment Charges |
NIL |
|
Non-standard Repayment Charges |
NIL |
|
Loan Foreclosure Charges |
No charges if the loan is foreclosed 3 months after the disbursement of the loan else 0.5% |
|
Cheque Swapping Charges |
NIL |
|
Loan cancellation / rebooking charges |
NIL |
|
Renewal Processing Fees |
NIL |
|
Late Renewal Processing Fees |
NIL |
|
Prepayment/Part payment charges |
NIL |
1. Signed application form
2. 2 passport size photographs
3. ID proof : Aadhar card, PAN card, Voter id, passport
4. Address proof : Aadhar card, Voter id, Passport, Utility bills
5. Post disbursement documents (If any)
Basic eligibility required for an individual for applying for gold loan :
1. The loan is issued to individuals who are Resident Indians
2. The age of the individual should be between 18 years to a maximum of 65 years
3. The minimum purity of gold is 18 karats and maximum purity is 24 karats for getting the gold loan
4. Applicants must also prove their income is sufficient to repay the loan.
|
BANKS |
Interest Rate |
|
14.50% to 17% |
|
|
11% to 16% |
|
|
10.50% to 17% |
|
|
11.25% to 16.25% |
|
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10.00% to 19.76% |
|
|
Starting at 10.75% |
|
|
10.50% to 16.00% |
|
|
Starting at 13% |
|
|
10.05% to 11.05% |
4. YES Bank Loan Against Property
1. Offline Method : By visiting the nearest bank branch.
2. Online Method :
First of all visit to Yes bank web portal
Now click on “personal section”
In “explore products” got to retails
Now click on “Loans”
Now go to “Gold Loan”
Fill the application form and submit it
How to contact with YES Bank Gold Loan :
1. By customer care contact number : 18001200 toll free number
2. By customer care email id : [email protected]
Financials products offered by Bank :
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The minimum loan amount is Rs.25000 and maximum loan amount is Rs.50 lakh provided by YES Bank for gold loan.
You can pay your Gold Loan online by visiting the Transaction Zone on Yes Bank’s website where you can pay from your bank account directly.
Applying for a Gold Loan is a simple process. All you need is your gold along with some basic documents, and you can quickly get a loan by visiting the nearest branch. You can also apply online digital portal and compare the gold loan options of different banks and financing companies and apply for the same.
The minimum interest rate is 11.25% and maximum interest rate is 16.25% provided by YES Bank for gold loan.
Yes, age is an important factor to get a gold loan from YES Bank. The minimum age of the customer is 18 years and maximum age of the customer is 65 years.
You can contact through customer care number and customer care email id for YES Bank.
The processing fee charged in YES Bank for gold loan is 0.50% of the loan amount.
Last Updated on : 12/Aug/2020Know More About
You're eligible for a Yes Bank Gold Loan if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Gold Loans is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Updated on 25 Nov 2017
| Yes Bank Gold Loan Details | |
|---|---|
| Interest Rate (Monthly reducing balance) | 11.25% - 16.25% |
| Processing Fees | 0.50% of loan amount |
| Loan Tenure | 3 year to years |
| Pre-closure Charges | Varies with bank |
| Guarantor Requirement | Varies with bank |
Gold Loans EMI Calculator